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Iran to build new refinery in South Pars

Tehran, Nov 7, IRNA -- A vast area has been leveled in the South Pars gas field site in preparation for a refinery that is to be built for the 9th and 10th phases of the project, the English-language daily 'Tehran Times' said on Saturday.

The huge project, which includes excavation and ground leveling, construction operations, cementing of land, building of metal frameworks, laying of pipelines and cables, installation of equipment and mechanical parts and other preliminary operations, is being implemented by a five-party consortium.

The refinery is estimated to become operational in 29 months. the first of two phases, according to the project's development plan, is expected to be completed within the next two years.

The project is a joint venture (58 percent to be undertaken by Iranians and the rest by a foreign consortium) and will undertake both onshore and offshore operations. It is expected to fully go on stream in 52 months and will be the first gas project in Iran to be implemented on finance basis.

The National Iranian Oil Company, LG consortium, Oil Industries Engineering and Construction Company (OIEC) and Iranian Offshore Engineering Company (IOEC) are the project contractors.

The work is managed by Pars Oil and Gas Company (POGC).

Upon completion, the two phases (9 and 10) will have daily liquid gas liquid outputs of 80,000 barrels, one million tons tons of ethane and 1.50 million tons of LNG per year.

The project is also expected to produce 400 tons of sulfur per day.

... Payvand News - 11/6/04 ... --

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